February 20, 2013

YOUR NEXT CAR WILL BE A VOLT:

Tesla announced today that its revenues have jumped by 500 percent and that it's now making enough cars per week to deliver 20,000 of the vehicles by the end of this year. It also said it expects to make a small profit next quarter. Based on its gross margins, it seems that Tesla is now actually making its cars for less than it's selling them for, rather than losing money on every one it makes, as had been the case previously. Improved productivity and lower costs for parts are helping.